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they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going to get hurt the most? >> well, i think the republicans right now are hammering themselves in the foot over and over and over again. at some point they may figure out how to stop doing that. but in the short-term doesn't look like that's happening. i think the low expectations right now are only helpful to them if they can get a deal done. it's not clear that can happen. they may even fall short of these low expectations they've had for two years now essentially both sides the white house and the congress advocating their way of getting it done. >> the
. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall reet journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the president threatened boehner, he said i will use my inaugural address to blame you for tax increases and for the fiscal cliff going overboard. that brings o pretty big guns when it comes to a president's bully pulpit. if atlantes to use that to play politics, that's significant. >> i have to bring this up. but how did they get to the point where the speaker tried to bring a vote to his caucus to be rejected? how d
street journal" on thursday, boehner offered $800 billion in revenue increases. president obama said those don't count. those are mine. what is up with that? just o >> juan: obviously what the president is talking about is three times that for revenue increases. we'll give you a third of that. you know what? you have to count this as something we give you to negotiate with. you have to give us something for it. the president says they have substantial budget cuts in place. and we are talking about serious, serious tax hike. republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republic
, that president obama is not even calling up the speaker, speaker boehner is not calling up president obama wishing him a merry christmas. are you surprised about the lack of urgency on this issue? >> the answer is yes, but the politics are so difficult. i think what everybody ought to look like right now is what is going to happen on january 4th. that's the day after people are sworn in. if they don't make a deal, is this leadership going to tell members of congress, you can't leave down? are they going to cancel airplanes, not let them go to trade shows in las vegas, that's a very interesting question because normally members take off between the swearing in date of the 3rd and the inauguration on the 20th, this we're the 21st. yeah. i'm surprised. i don't ever recall anything like this. when i was in congress, people in leadership in both parties always had a rabbit in the hat. there doesn't appear to be any rabbit in the hat this time. >> mr. winston, i'll ask you, as someone who is close with speaker gingrich and who mr. gingrich had some folks not too fond of him within his own confer
right now of john boehner and president obama. john boehner from your state of ohio. there are a lot of people that say if the deal were between these two guys, it would be made. the problem is john boehner can't agree to something with president obama and then take it back to his own party. >> well, and vice versa. a year ago august the president couldn't agree to the deal he needed another $400 billion in revenue. look, if the president and senator reid and john boehner all said to me today it's written, let's put simpson-bowles on the floor, i guarantee you given the urgency we could cobble together something to solve this problem but nobody is willing to pull the trigger. everybody wants to play the blame game. this blame game is about to put us over the edge. >> the problem, of course, which you don't personally face because you didn't run for this new congress is a poll that we have that was taken very recently that says -- we asked who would be more responsible if the fiscal cliff occurs. 48% of respondents say the gop in congress. 37% blame -- would blame president obama and
and the counteroffers president obama and house speaker john boehner put on the table. if you live in the game area, you're going to be reading about the cliff whether you like it or not. we at starbucks have an opportunity and i believe a responsibility to use our company's scale for good, by sending a respectful and optimistic message to our officials to come together and reach important ground. this week, through december 28th, partners at our washington, d.c., area stores are writing come together on customer's cups. i am hugely in favor of this new starbucks initiative. not because i think writing come together on coffee cups will bring anybody in washington together, i have an embarrassing coffee order, i'm hoping they will write over my order and people won't judge me. >>> i want to step back and give you five things to remember this week. think of it as fiscal cliff notes. number one, there is a giant misconception to clear up. the thing people call the fiscal cliff, it equals too much austerity too quickly. this drives me up the wall. people seem to think the fiscal cliff is fix the debt. the p
of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less than half than simpson bowles, and less than a quarter of what is in -- simply going over the fiscal cliff. i think the tax increases are too little. they are what they are. and it's something to remember as we reach the edge and you hear a lot of complaints about the tax side of obama's offer. what he's asking for in terms of tax increases is not that radical, it's way less than if we don't reach a deal. contrary to what you may have heard, republicans want to raise taxes too. shocker, right? >> the superficial take on this, the argument between democrats and republicans is between democrats who love taxes, just want to tax everything. and republicans who totally grover norquist taxes, they hate them, that is not true. to a degree that kind of disturbs me, actually, the two parties mostly agree on keeping the bush tax cuts. up to $250,000 in income, which is a lot of income. republicans and democrats want to keep all the bush tax cuts.
obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the t
the president. so mitch mcconnell, speaker john boehner, they have to deal with the fact that president obama was reelected to raise taxes on the top 2% and speaker boehner and the republicans can't get their hands around their caucus, then the blame is on them. >> jarret, what do you think about all of this? you deal with the policy. you deal with the numbers. there has been some offers from the president, even to the chagrin of hi base. how do you make where we are? >> well, listening to the three of you and your introduction, i'm just struck a real low point in american politics over a period when there's been pretty good kovcompetition for the low of the low points. i'm also really kind of moved by the really political malpractice going on. we have an economic recovery on going. >> by the way, you don't really hear people talking about the unemployment rate. you're working to build on the momentum of this recovery. help them prove it so american households can get ahead on their own. through working hard. not through any tax breaks or anything like that. but through getting back to work a
negotiations that broke down and obama said to have told john boehner you get nothing, i get that for free. in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered nothing in return. gerri: there is a big storm, hundreds of flights have been canceled. it is very possible not everybody will be able to be there. with this disrupts the situation yet again? >> it could. one of my favorite movies is planes, trains and automobiles. why trouble are those in hawaii. it could be a problem. look, i agree with you, these are congressmen and congresswoman. if there is seriously a deal, they will find a way to get here and it will be done. gerri: there were all sorts of interest
thing to consider here the two key players in all of this president obama and republican house speaker john boehner. as far as we know the two of them have not really been talking. the lines of communication are theoretically open but both of them seem to be standing their ground. one other factor to consider here is something we just heard from the treasury secretary tim geithner telling us we are rapidly approaching the nation's debt ceiling. we could hit it by the end of the year. there are accounting tricks we can use to prevent us from hitting that by the end of the month. it shows you how complicated this is getting. one other factor that was going to become part of the grand bargain if we ever reach grand bargain. right now they could be looking for a stopgap measure. >> we have heard that before a stopgap measure. thank you very much. appreciate it. >>> you hear those two key words there accounting gimmicks. let's talk about stories you can bank on this morning. lauren simonetti from the fox business network has more on the accounting gimmicks and the statement about the debt c
obama and house speaker john boehner also could mean the reduction of the popular deduction for charitable contributions. >> if it came to the point where i wasn't receiving my credit for helping out a charity or even helping them out in their situation then why would i even help them out? >> statements like that that has the chief eck eastboundtive officer of the united way of the bay area and other nonprofits fighting to retain charitable deductions. >> it would be a big mistake to think this is only a benefit for high income people. there are many donors who itemize their taxes and they take advantage of the charitable tax deduction and they include very middle income people. >> reporter: also on the table is the possible elimination of the mortgage deduction. >> if that were to happen eventually i think that would have to be phased out over a long period of time. >> i think it encourages people to buy houses versus renting. and if they were lower the mortgage rate reduction, people will think twice. >> cpa mark britton thinks it is a good time to it refinance if you stil
you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. speaker boehner's talked for a very lopg time about a grand bargain, a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator reid. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to support yet until i see it. the previous congressman you had was on, interesting enough, his office is right next to mine. the fact of the matter is we're going to have to find a place to come together. that the president has offered a 7% solution for a 100% problem. i was struck by the fact that not a single democrat supported boehner's plan b. that was nancy pelosi's solution. raise taxes on those earning a million dollars or more. not one democrat agreed to vote for it. >> let's talk about that plan brk. it was not successful. hastert h
of last week it looks like president obama and john boehner were coming closer. that's what's required to get something done. everyone's got to give a little bit and the extremes on both sides might not like it but that's the only way we're going to break this gridlock. here's the problem. with only a couple of days left in the calendar and the special centers arguing that many of them, no deal is bad deal, that kind of kmorn ground looks further and further. the real tragedy, the real absurdity is we were told nothing would get done, kick the can to the lame duck and because the politicians would be free from the free election, they could find a reason to gaerg together that. hasn't happened. i hope the people listen to the congresswoman but there's not a lot of room for rationalism. >> john, real quick. if this does not get worked out, what's the potential impact? >> this is not just about washington pearalysis. if you're family, maired with no children under the age of 55 and you make $65,000 a year, your taxes are going to get hiked by $2,000. if you make $106,000, your taxes are g
deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts but the revenue from increases the taxes on the wealthy will barely make a dment the deficit to say nothing of the trillions of dollars in debt we are talking about. it is a symbolic fight the president is determined to win off of his re-election. >> it is not symbolic. there will be money raised if the tacks for the top 2% are left to expire. let me bring up a point. no democrat and certainly not this president, has said there should be no spending cuts. on the contrary. this president has put on the table quite an extraordinary amount of spending cuts to the sh grin of many democrats, i might add. are they to the extent the grand bargain was several months ago last
have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> all of the focus on tax cuts. but the revenue from increasing the taxes on the wealthy will barely make a debt in the deficit to say nothing of the trillions in debt we're talking about. is this just a symbolic fight this the president is determined to win off his election? >> it's not symbolic. there will be money raised if the taxes are left to expire. but let me just bring up a point. no democrat and certainly not this president has said there should be no spending cuts. on the contrary this president has put on the table an extraordinary amount of spending cuts to the chagrin of many democrats i might add. are they to the extent the grand bargain was? no, of course not. the president is in a much stronger political position r
at all? >> all the focus has been on president obama and the house of representatives. the leader, speaker boehner. some of us went to public school, but i still learned that there is a senate involved in all of this. [laughter] for the last three years no one has been talking by the united states senate. gerri: it's like they're under some witness protection program. they don't do a budget. they don't write a budget, they don't vote on the budget. the republins took them into putting obama's budget out and then they voted against it. they haven't put together a budget because they cannot reelect the democrat majority of the senate in 2024. if everyone of those senators had actually stake out a position as being in favor of obama and his taxes and spending. gerri: i don't understand why people aren't marching on the hill. i really don't. this is what we hired them for, to iron out these differences, and no one is doing the job. let's take a look at the numbers for folks that are married. if you make $50,000 per year, you'll pay an additional $2000 in taxes. if you pay $100,000, an
. and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the white house are really
on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he spoke to top democrats and republicans and no negotiation meetings have been set. at least not formally or public limit there's nothing set yet between all the sides to discuss this. the president's back in washington after he cut short vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first
shows 54% approve of how president obama is handling the vote, 26% approve of how speaker boehner is handling negotiations. 45% democratic leaders approve and 26% gop leaders approve of how they're handling the situation. chief washington correspondent and political writer for the "new york times," and robert reich. he's also the author of "beyond outrage." john, you can tell us all the maneuverings and meetings that have gone on all day between the house administration and their staff. just catch us up on everything, john, all the big news that happened today. >> right here, lawrence. nothing. nothing happened. but i have to say, though, i'm still with bill crystal and that 50% tooth fairy crowd in thinking the republican leadership in the senate and then, as a result of that, in the house are going to decide that they've already taken enough punishment. the punishment will get worse after january 1st and that ultimately they will accept, at least temporarily, perhaps not as a permanent solution, but at least temporarily, the deal that bill crystal says was worse than the one the
standoff. john boehner may not even bring the house back to town until the senate comes up with a possible plan. >> reporter: obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't so how you could hammer out any kind of a grand bargain or large plan involving tax reform and entitlement changes in a matter of days. >> reporter: serious doubt is setting in. even starbucks is getting involved, writing "come together" on its cup. speaker john boehner says he's sitting this round out after failing to get enough house republicans to support his own plan just before christmas. >> i think boehner is being controlled unfortunately by the right wing. >> reporter: that leaves it up to majority leader harry reid and the rest of the senate to find a possible solution. aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate big spends cut and restore unemployment benefits. >> i think you're likely to see a two-step process here. one sort of dealing with the immediate dynamic so you can deal with the lar
boehner is calling lawmakers back to washington on sunday with the votes scheduled for early evening. right now, there is no fiscal agreement for them to vote on. with the nation teetering on the brink, president obama return to washington to work on a deal. >> the american people have a right to be upset with this congress. >> the finger pointing continues with democratic leaders accusing house speaker john boehner of putting his political ambitions ahead of the country's fiscal help. >> it is obvious what he is doing. he is waiting until january 3 to get reelected as speaker before entering serious negotiations. >> boehner says that senator reid should "talk less and legislate more." >> republicans have spent over backwards. we have stepped way, way out of our comfort zone. >> the standoff continues. >> right now, the house and senate are in the blame game. each says the onus is on each other to cover the fiscal cliff. >> both sides hope for a deal, but hopes are fading. and some observers say the deal is more likely after the new year after the tax cuts expire. >> then they will b
on national retailers. in san francisco, christian cap, ktvu channel 2 news. >>> president obama is expected to head back to washington from hawaii tonight. today, house speaker john boehner said it's up to the senate to pass legislation to avoid the steep cuts and tax hikes that are set to take effect january 2nd. some observers say it looks likely the u.s. will go over that cliff allowing lawmakers then to vote to lower taxes after they first go up. >> to make them look better? to appease voters? is that the reason? great. . >> meanwhile, another showdown is looming. the government will hit its federal debt limit on new year's eve and could default unless congress passes legislation to permit more borrowing. >>> the passage of proposition 30 gave governor brown the extra money he wanted for california schools. now he's working on a proposal to differencevy up the funds. eats work -- divvy up the funds. >> he wants to return more accountability, authority and decision-making down to local school districts because teachers, administrators and parents have a better sense of what their local p
on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that should be $400,000 and have fixes to social security on costs of living adjustments on that. what ended up happening? john boehner retreated their plan b that mike viquiera was talking about that was unable to pass and now we are in the stalemate we are in now. we were closer than before. >> you touch on a good point. that's lost now in the media. we are going-over the cliff. last week they are $450 billion away from a deal. that's less than 1% of the federal spending over the next decade. in d.c. terms, 400 billion seems like a lot. that's a drop in the bucket in d.c. terms. it's amazing that small of a number killed a deal. >> if you are buying a house or a car and one person said look, i'm going at $1 billion. usually split the difference and do the deal. this time around, that didn't happen. neither was hoping for this. if house republicans couldn't go for that million dollar threshold, they are not goin
characters in this drama which i guess would be president obama and speaker boehner. how would you paint the picture of them if you had to do this -- i guess in your case, how would you write them in a book if you had to write them? >> well, i mean, john boehner is, in a certain kind of comic tragic way the most interesting character because clearly, he's a guy who really does just want to make a deal and get along. he is old-school washington. i wouldn't say in the best way but in the -- in a certain hapless sad way. it's the way it works. and he's got these, as he and his, you know, the members -- the same members of his caucus, the 40 or 50 people to his right who just can't cut him a break and won't let him lead even if he wants to lead. >> you know, kurt just used the word that has disappeared more or less, i think, from day-to-day language, the word is "pension." i can remember tip o'neill telling me that the second night that gerald ford assumed the presidency, that gerald and betty ford invited tip and millie o'neill down to the white house for dinner. they were the best of frien
conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the president, to bring something that might have a chance of resolving these problems and maybe, they better think more about cutting spending before coming to us for more money. gregg: you know what, doug? karl rove wrote an op-ed in "the wall street journal" which he basically says, the president think it is all about him. the more mr. obama makes everything about him, the more stubborn he is likely to be when flexibility would be better. success requires adjustments, including a greater willingness to compromise and seek common ground with his opposition. fair point? >> oh, i think it is a fair point. i think it is a fair point on both sides. we had a framework that did what terry described. it was called bowles-simpson. the president didn't support it. paul ryan didn't support it. it didn't have the kind of bipartisan consensus we needed. gotten us $4 in spending cuts for one dollar
. the market doesn't seem to care. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the ma
. [laughter] greg: there are some predictions on avoiding the fiscal cliff. while president obama has returned to washington dc to try to help lawmakers come up with a plan, how speaker john boehner says one of the groups leaders suggested that we are going over the fiscal cliff. it's all but guarantee. she progression congressional correspondent mike emanuel joins us now for. the president and the senators are in washington. that would appear to be a good sign, is that correct? reporter: yes and no. the tone publicly has not been very good so far. we know that the president obama, on the way back from hawaii, worked the phones a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should n
, good morning. it's a new day and a new standoff. this time, house speaker john boehner is hinting he won't bring house members back to town until the senate comes up with a passable plan. as president obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't see how you could hammer out any kind of a grand bargain or large plan involving tax reform and entitlement changes in a matter of days. >> reporter: serious doubt is setting in. even starbucks is getting involved, writing "come together" on its cups. speaker john boehner says he's sitting this round out after failing to get enough house republicans to support his own plan just before christmas. >> i think that boehner is being controlled, unfortunately, by the right wing. >> reporter: that leaves it up to majority leader harry reid and the rest of the senate to find a passable solution. aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate some big spending cuts and restore unemployment benefits. >> i think you're likely to see a
. isn't there a sense that the republican party, that obama won a comfortable re-election? >> yeah but -- >> yeah but. >> that he was boehner's mistake. gee thought that was reality. >> he thought that was reality and he learned the other night that it wasn't. >> republicans don't see it in that world. what covers the sky in their world? >> it's not blue. >> fiscal red. >> it's not blue, that's for sure. when he realized he couldn't round up the votes, he had to recognize that they did not respond to the election the way that other rational factions have responded to elections over the past decades or centuries even. >> what do we make, glen, of this captain queg we have, scared of his own crew, scared of weather conditions, worried about what's going on and still has to be captain? >> i mean, the simple reality is he's the speaker of the house, but each one of those people runs in their individual district and these tea party members in particular, the group that cantor has the most control over or represents the most, they answer to an electorate that feels very much in sync with
or not there will be a deal to avert the fiscal cliff. now, after that conference call. the house speaker john boehner, his number two eric cantor the majority leader put out a statement putting the onus on president obama and for the reason why there has not been a deal so far. basically saying they can't move forward in the house without some sort of action in the senate the next few days. what they left out of that, unfortunately, is the reason why they are waiting on the senate to do something. the senate coming into session tomorrow, by the way. is that speaker boehner couldn't get enough votes to move forward on a plan to avert the cliff last week. that's why we are where we are right now. the president will be boarding air force one in a few hours. flying overnight back to washington. is he likely to bring together congressional leaders in the next couple days when he he gets back to washington. time is running out, harris. >> harris: no breaking news in any of that. but we did see some today. treasury secretary tim geithner saying we could hit the debt ceiling the day after we follow off the fiscal
saying both mcconnell and boehner's office is saying it's news to us whether or not there's a deal or plan from president obama anytime soon. what's the latest? >> there's not much movement on capital. the senate is working on issues other than the fiscal cliff. the house doesn't return until sunday. president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of representatives is operating without the house of representative. it's being operated with a dictatorship of the speaker. not allowing the vast majority of the house represents to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talkin
it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go up for people making more than $250,000 or 400,000 as was in the president's last offer and the answer to that question remains very, very unlikely. so we are where we are. this ain't schoolhouse rock, that's for sure. it's not like the house passes a bill, the senate passes a bill. this is a stand yau and the looks like the ultimate version of white house gridlock. >> right. and you mentioned the threshold. we have senator murkily on later today to talk about how crucial the filibuster is. i want to go right to steve kornaki here. we talk about the weather sometimes because it's more fun than politics. i want to play some sound about how cold the weather can get whenever harry reid and mitch mcconnell are in the same room. take a listen to this. >> what was the feeling in that room for you? >
republicans failed to pass the alternate plan instead placing the responsibility on president obama and senate democrats' shoulder. according to the "washington post" gop leaders vowed to go into session to vote on anything the democratic controlled senate approved. however speaker john boehner demanded the senate first take a look at the bill the house moved through a month ago that preserved the expiring tax cuts for the wealthy as well as the middle class. that's not likely given the president's position on raising taxes for those making more than $250,000 a year. >> i want us to not go over the cliff because i think if we do it hurts our economy and it hurts our country. >> middle class people should know their taxes go up a average of $2,000 a year and also start making meaningful reform on the debt. >> the president and speaker boehner have not spoken since yesterday but shortly after the final talk the president urged congress to pass at least a scaled down measure to avoid going over the fiscal cliff. now unless both sides can agree on anything close to $1 trillion in spending cuts and
: boehner's spokesman said reid should talk less. the speaker insists the senate should ask first for members to reconvene on sunday. we can go off the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over
obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without becoming dinner. it is all "happening now." harris: hello, everyone, i'm harris faulkner, in today for jenna lee. jon: nice to have you up here in the big studio instead of down in the newsroom. harris: good to be here. jon: i'm jon scott. there is deadly weather pounding the united states. a powerful winter storm bringing snow and driving rain to the northeast. blizzard conditions in some areas. it is the same system that brought winter storms and tornados to the south and midwest. at least 12 people have died in this system. we're seeing major travel problems today as well. some areas are getting slammed all night long. anna ko
expect of us hearing a deal before then. >> well, i certainly expect that now that obama is back in town he'll be trying to broker some sort of a deal with john boehner, the house of representatives, and there will be talks among democrats trying to explore whether they can put forth a new scaled down deal that could get past both the republican minority in the senate and get a vote on the floor of the house of representatives. and i think what the markets have to realize is that if the deal were to pass between now and the end of the year, it would first of all be a much more scaled down version of the grand bargain we've all been hoping for. at most, you will get an extension for the alternative minimum tax, but you would not get a serious delay in the so-called sequester, the automatic spending cuts of $100 billion a year, and most important, you will not get relief on a debt ceiling which potentially sets us up for another big fight, much like we saw in the summer of 2000. >> and we know this fight is a difficult one for the gop. they've dug in their heels. this is an issue that they
in washington with five days to keep the country from going over the so-called fiscal cliff. president obama in d.c. a few hours ago after scrapping the rest of the holiday vacation in hawaii. before his departure, the president called all four congressional leaders, reid, mcconnell, boehner and pelosi. now fiery words after reid hit boehner with volley after volley from the senate floor earlier today. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives as we speak with four days after today aren't here with the speaker having told them they'll have 48-hours notice. i can't imagine their conscie e consciences. >> speaker boehner's office responding with a terse statement saying in part, quote, senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turnin
on whatever the senate can pass, but the senate first must act. " president obama returned early from hawaii today, still pushing to extend tax cuts for the middle class, but raise rates on the well-off. aides said he made phone calls last night to speaker boehner and house minority leader nancy pelosi, as well as senator reid and his opposite number, minority leader mitch mcconnell. but today, mcconnell gave no indication of movement. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: adding to the urgency, treasury secretary timothy geithner warned he'll have to begin taking "extraordinary measures" to postpone a government default. the government is on track to hit its borrowing limit on monday, he said with no prospect of congressional action to raise the limit. here
. go ahead. caller: yeah, i think boehner should be removed from the speaker of the house, and president obama should be in and his entire staff, including hillary clinton. i do not know if you have noticed but nancy pelosi, her eyes are consistently dilated. host: thanks for your call. let's go to indiana. caller: i think it is unfortunate boehner wants to tax people making over $1 million. [indiscernbile] this is the result of 30 years of reaganomics, and the republican party has left people with less fiscal responsibility and they have not paid for the two wars, medicare part d, not to mention the tax cuts. host: how does it end? caller: if people did not wake up and try to do what is right for future generations at will and worse. the republican party will not compromise for anything. it is not the dwight eisenhower party that had the 93% tax rate. you put the money into the interstate highway system. even abraham lincoln created land grant universities, and that was not called socialism. it was called advancing the future. host: we appreciate the call. let's go to ill
, the possible exception here, drew, is if the senate can pass something, a scaled-back version of the obama plan, perhaps if the senate passes something, i think that will remove some of the pressure for house speaker john boehner. i think that will put more pressure on his troops. it's possible that something like that could get through the house, but i wouldn't bank on it, bet on it or gamble on it on the stock market. >> something very interesting happened yesterday, tim geithner sent a note to harry reid saying basically, hey, we're out of money on january 31st. that has to do with the debt limit and raising the debt limit. do you think at all that kind of financial pressure is going to play into this? >> it's interesting, if we go over the f 'tis cal cliiscal cl should buy some room. the fiscal cliff is a cut in taxes and a cut in spending which should relieve some of the spending toward the debt limit. it is a factor in terms of long range planning for the united states government. but actually going over the cliff might buy some more time. so i think what secretary geithner was doing was
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